Administrators of Quinn Insurance confident on costs
The administrators of Quinn Insurance have said they are increasingly confident that the cost of bailing out the insurer will not reach worst-case scenario level.
The administrators of Quinn Insurance have said they are increasingly confident that the cost of bailing out the insurer will not reach worst-case scenario levels, after the firm reported a €208 million profit for last year.
The administrators had briefed the High Court that the cost to the state through the Insurance Compensation Fund (ICF) could top €1.6 billion. However, they now say it is likely to be between €1.1 billion and €1.3 billion, according...
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